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S. Korea's Consumer Price Index inflation rate 2.3% y/y in April: Statistics Korea Updated: 2021-05-04 08:59:08 KST

Shifting focus, South Korea's consumer prices in April saw the biggest jump in almost four years.
For more, we have our Kim Sung-min on the line for us.
Sungmin, walk us through the numbers.

Mokyeon, consumer prices jumped 2.3 percent in April compared to a year earlier, the biggest rise since August 2017.
According to Statistics Korea on Tuesday, the Consumer Price Index stood at 1-hundred-7.3-9 last month.
The increase was due largely to a sharp increase in the prices of agricultural, livestock and fisheries products following the poor harvest, and spiking global oil prices.
Agricultural, livestock and fisheries product prices, increased by 13.1 percent seeing double-digit on-year price hikes for four straight months.
Of these, agricultural products rose almost 18 percent especially green onions, which are four times more expensive than a year ago.
Apples and rice prices also saw huge inflation.
The steep rise in global oil prices was also a huge contributor to the monthly gain,.. pushing up the prices of industrial goods by 2.3 percent.
Gasoline prices were up almost 14 percent.
Service prices nudged higher as well, up 1.3 percent for the year and part of that was the cost of dining out, which shot up 1.9 percent.
House prices were 1.2 percent higher than a year ago the highest jump in more than three years.
That's all I have for now, I'll be back with more updates.
Back to you Mok-yeon.
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